Evening Star Newspaper, August 2, 1928, Page 14

L FIN! NCIADRD * CAPITAL TRACTION STOCKS IN DEMAND ... Sanitary Grocery and Chest nut Farms Dairy Issues Aiso Active Here. BY EDWARD €. STONE. Capital Traction led the W Stock Exchange today in ths volume of trading. shares changing hands at 104 Grocery preferred Was also kd ares € 8, scoring a high Chestnut Farms Dairy preferred was again active 23 shares selling at 104. Peoples’ Drug was strong at 108, Eighty shares of National Mortgage & Investment ferred moved at 5. Small lots 1 mac per rington at new cent prefe . X, Gockeler. o 2 $500 Ga: S Capital Trac- tion 5s moved at and a £1,000 sale in Chesapeake & Potomac Telephone 5 took place at 1001;. Barber & Ross 63,5 sold at 94 for a 000 bond. Washington Light stock. which has recently been so active, was en- tirely neglected today. It closed 97 bid and 97% asked. Banker Off for Jersey Coast. C. . Gockeler, vice president of the | District National Bank and secretary of the Washington Stock Exchange, leaves here Saturday for Margate City, N. J for a month’s vacation &peaks quite well of Margate City, admitting under pressure that it is a far better resort than Atlantic City. | It so close that the boardwalk con- nects the two. It was learned that the wveteran banker is taking fishing tackle; alo with him, which mea he l<f kely to have some snappy yarns to| his fellow members in the National | Press Club, the directors fo Chapin- Sacks and the other organizations with which he is connected, includes the | Blue Ridge Rod & Gun Club. { Institute Committee Appointed. | Prank M. Perley, chairman of the membership committee of Washington | Chapter, American Institute of Bank- ing. bas appointed the following asso- | ciates to serve with him: Miss Ruth | . Gochenour, American Security & Trust Co.; Miss Rose Royce, Washington | & Trust Co.; Oswald Lehman, | Mr. Gockeler | 3 [~ NEW 19 90 23 112 300 961y 4914 20 3 12 300 961 481, 49 801 ROY 98 93 1z 1u2 300 300 Abitibi Po pf(6) Abrahm&Straus Abr&Strass % pt Adams Exp (6).. | Adams Ex pf(5) | Adv Rumle; | Ahumada Lead. Air Reductn(2), Ajax Rubber.., | Alaska Junea. .. | ‘Albany Papr(2) | Alited Chem, | Amal Leather. A aneg). ... am Azricul Chm | Am Am F AmF Am Reet § { Am Bosch Am Br Sh(j1.60) | Am Brown Bov. Am Brown Bo pt | Am Can(2)..... | AmCar&Fdy (6). |AmC&Fpr(). 113 | Am Chain p(7). 103 Am Chicle(3) 82% | Am Drug80c 11% { Am & For Pow.. 34 | Am&For Pr2d 7. 914 Am&ForP pf(7). 107! | Am Hide & Lea. { Am Home Pr(3) %)... ati( 116 m 3 0% Bl 40% 4013 14 50t 93 oYy 13 103 103 828 804 1% 11% 344 34 91ty 91l 91y 1074 1074 107i 10% 10% 10% o W 43% 41 43 9415 951 1025 102 144% 145 120 120 62 62 A : . 30 304 | Am Shiphide 8) 91 91 . Al A » & Co 4 | Am Smelting (8) 201% 20215 19 Am StIFdys(3). 5au | Am St1 Fy pt(7 | Am Sugar. . | Am Sugar pf (7) 1073 1 Am Sumatra.... 64% Am Tel & Tel(9) 176 1781 174% 176% | Am Tobacco(8). 161 161 160 160 Am TobaceqB(8) 163% 1631 161% 181% Am Tob pf(6). 118 118 118 118 | Am Type pf( 109% 110 AmWW&EI(ch): 5745 $7% m Whise pf(7) 108 108 1741784 4w a2y 3 58 110% 110% 6815 69 s 107% 107% 64 65 Anaconda (4 661x Archer-Dan{s). 8f 81 2 Arch-Dan pf(7). 113! 113's 113's 1131, Armour, 11 18% 194 184 Armour, 11 10% 10 861y 861 2 39% 38 G2l 45% 46 45! 454 Asso DG 1st(6). 103'3 1034 103'; 108ty Atchison(10) 188 1884 1 188 Atchison pf(5).. 103'5 10315 10315 1031 AtIGuIf pf(3).. B52% 52% 52% 52% Atl Refining(4). 15613 163% 1561 1634 Atlas Pow pf(6) 103 103 103 103 Atlas Tack. . 13% 13% 13% 13% Austin-Nichols. 4% 4% 4% Austin-Nich pf 26 26 26 AusCred(4.49).. 624 62% 62% 62% BBl 387x Sales. High. Low. Close, P61y 96!y 19 | 10t | THE EVENING STAR. WASHINGTON, YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. Eaton Axle(2).. Elec Auto Li(4). ElecPow&Lt(1). Elec P&Lt pf(7) Elec Stor Bat(5) Elk Horn pf, Em Brantgm Engineers Pub § Eaquit Bldg (2).. e 1stpf...... reka V(113). Fairbanks(3). .. ! FatebankMpf(7) FedLizhtihl 40) Fed Light pf(6) Fed MotT(f80c) elity-Phoenx irst NatS(13%) Fisk Rubber.... Fisk 1st pf(7) Fisk 1st pf ev(7) Fletschmann(3) Foundation Co.. Fox Film A(4).. Freeport (161). Gardner Motor. . Gen Am Tnk(4) Gen Asphalt. . Gen Asph pf(5). Gen Cable. . Gen Cable A(4). Gen Clgars(4) GenCigars pf( Gen Elec(15)... GenElec sp(60c) Gen GasA(0115) on Motors: en Mot pf Outdr Ad(4) iR (5. Gen Refrac(3) Gillette Raz(5). Gimbel Bros Glidden Co Gold Dust(3 Goodrich(4 Goodrich pf(7). Gopdyear Tire. . Gotham($214).. Gotham n($214) Graham-Paige. . Granby Min(4). Grand Stores (1), Grand Unfon 0 Grt Wn Su pf(7) Greene Cana(4). Gulf Mo & Nor.. Hacknsk W(113) Hack pf A(13). Hanna ISt pf... Hartman A(2). | Hershey pf(4).. Hoe & Co A Houston Otl.... Howe Sound (4). Hud Man(2%). Hudson Mot (5) Hupp Mot (£2). 1llinots Cen(7) 111 Cent pf(6).. Indep O11(1). Indian Mot (13 Indian Refining. Indian Refg ctfs 30y 9% 34 107 T8 13% 101 374 7% 1430 Tl 115 261 0% 811 u7 151 1 601 100 181 101 Bata 21% &9 ales. Hixh, Low. Cl 38 T 34l 107% T 13% 104 37 31ty 485 3% 113 67 6 1 14914 1108 5615 481 10015 54 21% 10015 54 21% 8L, 6 111 Oven. NorAm Ed pf(7) North Pac (5 Norwalk Tir 01l Well S pf, Omnibus. . OppmCollins(f4) Otis Elev(f7). .. Otis Steel. .. Ontlet Co(4). Owens Bot(et4). Pacific Gas(2).. Pacific Light (3) Pac 011 Stubs Packard Mo(t4). Pan-Am Petrolm | Pan-Amer Pet B Pan-Am Wn B.. Panhandle..... Parmt-Fm(j8) Park & Til (3 Park Utah(80¢ Pathe Ex.... Pathe Ex(A) Patino M(2.92) Peerless Motor. Penick & Ford. . Penn Dix Cm (2) Penn RR (3%). People’s Gas(8). Pere Marq pf(5) Phila & R C& 1 Phil Morris(1) PhillipsPet(1% Pierce-Arrow. .. Plerce-Arrow pf Pierce Oil. Plerce Ol pf.. Pierce Petroim. Piltsbury (1.60) Pub Serv D ). Pub Serv pr(6). Puliman Co(4).. Punta Aleg Sug. Pure Oil (50¢).. Pure Oil pf(8).. Purity Bak(3).. Radio Corp..... RadioCo pf(315) Reading Ry (4).. Reading 1st(2) Real Silk Hos. Real S1Ik pf(7).. Reis (R) & Co... Remingtn-Rand. Rem-Rd 2d(8).. Reo Mot(11.20) . Rep I & S(4 Rep L& S pf(7). Reynolds Spngs. ReynldsTobB Royal D(a3. StL & SanF(18). StL&SF 2d pd (6) Savage Arms(n) Schulte (g3%).. Seab Alr Line. .. Seagrave(el.20) Sears Roe(1213) Shattuck FG( 1 Shell Un(1.40).. Shubert The(5). Simmons Co(3). Simms Pete Sinclatr Ofl. , Skelly Oi1(2). Snider Packg Co So Por Ric S(f2) South Calif Ed.. D. C, THURSDAY, AUGUST 2 Hizh 95 34 100 Low. Close 10115 101% 10115 101% 954 3% 100 # STOCKS ARE HEAVY AS PRICES DECLINE Uncertainty in Credit Situa- tion Affects Market—Other Factors Develop. BY GEORGE T. HUGHES, cial Dispatch to The Gtar WALL STREET, New York, August 2.—8tocks that were able to push ahead | in today’s market were few in number. The general list was heavy and reac- tionary, even some of the stocks that had been strongest on the day before, at the same time the volume did not increase on the decline and it was plain that those working for the advance would not easily abandon their efforts. Uncertainties about the credit situa- tion affected the market. In the first place, it was generally believed that the total of brokers’ loans to be an- nounced after the close would show an increase—how much of an increase not many were willing to predict. Then the reference in the Federal Reserve month- |1y review to an “overloaned” position sounded ominous. Finally the meetir { of the clearing house association tods ! to consider the control of loans by corporations and other outside invest- | ors in the call money market did not | | Money Easier. easic T per cent Wednesday. Offerings A large at this rate. no change in time money. | per cent firmly bid with | not_anxious to do business. The opening was lower all around. Steel and General Motors were still heavy, the first named_ dipping below 140. while Motors was off some 2 points, Realizing €ame into Montgomery Ward also after its spectacular advance. Be- low 187 today. it was down more than ¢ points from the record high. One stock that stood out undis- turbed by the selling elsewhere was | Atlantic Refining. Touching 163 today, | it was higher than ever before since the 900 per cent, stock dividend in 1922. Besides the phenomenal carnings, the | street. believed that a split-up was im- pending. From the action of the stock something immediate was evidently in prospect, | Ol stocks generally did better than | other industrials. Outside of Atlantic | Refining there were no large gains, but | | impressive and persistent support. Tt | looked as if the oil shares were at last coming into their own. Coppers Irregular. Copper stocks were {rregular. Cerro | de Pasco and Kennecott were in good | demand, but the others sagged. Most of the independent steels moved sym- pathetically with the leader. There | were one or two strong utilities. while in the specialty group Johns Manville and Warner Bros. Pictures “A” were strong. On the other hand, Radio was the: banks spu Public Utilities NEW YORK, August 2 (Special).— merican Water Works & Electric in its report for the 12 months ended June 30 shows net income of $5,111,103 after taxes, interest, depreciation, depletion, preferred dividends of subsidiaries, ete., compared with $5,100,037 in the pre- ceding 12-month period. Net income for the Mmonth of June was $514,197, after above charges, compared with $312,060 in June, 1927. The 12 months’ earnings were equivalent to $2.82 a share on 1,395436 shares of common stock, against $3.10 a share on 1,328,219 common shares in the prev months, | Eastern States Power Corporation re- ports for the four months ended April | 30 net income of $613,651 after interest, fax etc., equivalent, after four | onths’ dividend requirements on the 7 preferred, to 9 per cent a share on | 94 no par class “B” common | shares, compared with $40,706, or $102 a share, on 40,000 preferred shares in | the same period of 192 SEPTEMBER CORN SCORES NEW GAINS Shorts Send Market Upward After Tight Situation Is Disclosed. | Special Dispatch tn The € | CHICAGO, August Shorts sent | September corn on anather upward as they scrambled to cover | on a market in which offers were scarce. The strength in the current delivery helped deferred futures, which were moderately higher. Buying by one of the leading com- mission houses disclosed the tight sit- uation in September corn at the start. Prices were up 3 cents before any in- crease in offerings showed. Selling was mostly against indemnities. There was some short covering in the deferred months. At midday September was| 10175, December, 785%; March, 80%a. Nat C. Murray estimates the crop at 3,082,000,000 bushels, or about 300.-| 000,000 over a year ago. Weather is| favorable though there is some com- | plaint of hot* winds. Receipts were light at 100 cars today. Supplies of | old corn are scarce. | Wheat prices were moderately higher | on buying mainly for short account and stimulated by strength in Liverpool. | That market closed 173 to 2': higher | because of firmer Canadian offers and | unfavorable French crop reports. There | was persistent selling by hedgers on the bulge. At midday September was 1.20. December 1.243% Murray sets the Winter wheat crop at 552,000,000 bushels and Spring wheat at 301,000,000, He figures Canada will | raise 513,000,000 bushels this year. Weather continues favorable for Spring wheat. The Seaboard reported a better foreign demand. The European harvest is spreading north under more favor- able weather conditions. 1 Fry NCLAL. B. & 0. LOADINGS GAIN. | Increase, Though Slight, Is Held to Be Encouraging. BALTIMORE, August 2.—The Bal- timore & Ohio Railroad is the only car- rier serving the Allegheny region which reports a gain in car loadings for the first two weeks of July. The incren!e; is not large, amounting to only Blfil cars, or 8 per cent, but it is encourag- ing, since it indicates an upward trend in freight movement. The carrinrl handled 119,949 loaded cars during the | first half of July. The Western Maryland Railway fared | badly. with a loss of 1,135 cars, or 6.1 | per cent, total loading amounting to 17,602 cars. |ACCIDENTS IN TEXTILE FIELD FOUND SEVERE Accidents in the textile industry are both too frequent and too severe, the |k report of the American Engineering Council's committee on safety and pro- | duction indicates. | “That portion of the textile indus"’vl assayed shows almost invariably an | undesirable accident and production | performance,” declares the report. “Decreases in the rates of production are generally accompanied by increases in_both the accident frequency and severity rates, the increases -in the | severity rates being very marked."” | Certain mills have demonstrated, | however, that this need not be the situ- ation, according to the engineers, who | |in their field study, directed by Joshua | yre Hannum. research engineer of the | Eyesight Conservation Council of | America, obtained accident and pro- duction data from 41 textile companies in 17 States. | | ' //FIRST MORTGAGE \ s il MONEY Prompt, courteous and helpful service await all who make application here. We invite conference. Low Interest Rates and Commission B.F.SAULCO. | Main 2100——— 925 15th St. / Pre: Joseph Money to Loan | iecured by first deed of trust on real estste. ifing interest and commission. 1. Weller .l’i' Wash. L. & Trust Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford 1520 K Street Representing Mutual Benefit Life ins. Co. “Wo close at 4:30 p.m. m Local Stocks and Bonds Bought and Sold Specialists in See National Securi uri - Company Hibbs Bldg. B Frank. 5204 DIVE IN ~—the doorway at 1018 15th Street and you will be in spacious show- our cool, room. After the heat of the street, it'll be a treat to Iook at the smooth, dark grain of a walnut or ma- hogany desk. OFFICE FURNITURE our province. We have the widest range of choice and price, the high- est value you will find in Washington. THE W. D. CAMPBELL COMPANY Two_Entrances 1018 15th St. N. Fran| W klin 1306 L 8t. N.W. 5660 The Hibernating Bear Oats were firmer with cther grains. A HEN the hibernating bear of W the Arctic Circle and parts north sniffs the scent of winter in the air, he finds himself a nice, quiet cave where he won't be dis- turbed by the howling winds and driv- ing snows. There he goes to sleep— for months. South Dairfes A. South Dairies B. South Pac(6)... South Ry(8). SouRyM&Oefs 4 Spang Chalfnt. . Spicer Mfg..... Std Com Tob(3). SG&E (3%). Std G & Epf(4). Std Milling(5).. Std Millg pf(6). StdOCal(2iz).. St4OINT (1135 ). StdOINY (1.60). Std Plate Glass. Std P Glass pf.. StdSanPro(1.68) Stanley Co....., | Stewart-War(6) 9 9 | s | Loan Security Savings & Commercial; Ray- mond D. Lewis, American Security & ‘Trust; G. Ha Morris, Riggs National: R. A. Norris, Lincoln National; Stuart A. Ogilvie, Second National: E. C.| Steffe. Federal-American, and R. G.| Whitton, First National, Alexandria. | Bayuk 1st pt Banker Prepares Special Analysis. | Bavuk 1sty For the benefit of the local bankers | H Prancis G. Addison, jr, chairman of | Bewme beo() the law and legisiation committee 07| poxt & Co(3) the District Bankers' Associatiol. has | parnlenem Steel prepared an analysis of the provisions peih steel pL(T) 11 contained in the District child 1abor | pon ami acs). .. 695 :w which recently went into eflect| pooih Fisheries. 11 T 7is ere. Booth Fish 1st.. 49% 43ia 49 49 The analysis, which enables a bank- | Borden Milk(6). 161's 162y 160% 161 er to see at a glance the changes| goston& Maine. 747 74% 747 T4%s brought about in local laws governing | Eotany Mills(A) 13 13 13" 13 empioyment of minors, has been mailed | priggs MtgFCo, 36 36% 35% 35% to banks having membership in the as-| pritish Empire.. 4 4 4 4 :ncln:nun through its secretary, Edward | Brockwy Mot(4) 54% 54’ 53'% Bl . McQuade. Brockway pf(7) 1134 118% 113t 113% It is believed that only & few of the | Bijyn Edisn cfs. 239% 239% 239" 239% 239! institutions here are affected in any| Bxiyn-Man(4).. 63's 63! 62:: szt Bklyn-Manpf(6) 8913 89'% 89 89 BrownShoe(215) 481 481 48% 481 Brunswick B(3) 46 46 454% 45% Brunswick Ter. 424 42% 4113 41% Bueyrus(1).... 341; 34'% 34l 341, Bucyruscv(2li) 44% 454 44% 44% Burns Bros(B). 347 37 34% 35% Bush Term(g2). 50 50 50 50 Bush Ter pf(7). 111% 113 111% 113 Bush Terde(7). 1081 108% 108% 108% *ButteCop&Z.. 7, ™ Butte & Sup( 1% 11 11 Butterick Ci 43 43% 434 Byer & Co. 967 954 9615 Caliif Packg(4) %71 K Calif Petm(1).. 30% 30% 30'% 303 | Lee Tire & Rub. Callahan Zinc. 2% 2% 2% 2% |Lehn & Fink(3). Calumet&Ar(6). 95% 95% 93% 93% | Life Sav(1.60).. Calu & Hecla(2) 23% 231 23 23% | Lig & Myrs B 16 CanDryGAle(3). 73 3 2 72 |Lig& M pL(7).. Can Dry (rts). 1% 1% 1% 1% | Lima Locomtve, Can Pacific(10). 206 206% 206 208 | Liq Carb(3.60) Case Threshg(6) 330 338 329 336 | Loew's(13).. Cent Alloy(2). 32% 32% | Loew's pf(6%). Century Rib M 12 12 | Lott Cerro de Pas(5). ki 76' | Lon, (A).e, Certain-Teed (4) 44% | Loose-W(1.60).. Certo Corpn(t4) 717 | Loose-W 1st(7). Chandler-Clev. ., 10~ 10% | Lorillard Co.... | Chandler-Cl pf.. # 28% 22% 224 | Lorillard pf(7). | Ches & Ohlo(10) 18415 184’5 1845 18434 | Louisiana O1l | Chi & Alton. 1010 | LoulsGasA(1.7 Chi & Aiton pf. 14% 1474 ) Ludlum St1(2).. ChiGreat West. 13% |G o ot Mecall Corp(d). * 1 McCrory A(2).. M Mclntyre P(1).. Chi Mil & Chi M 4 | SicKeespt Tin i 474 | Mack Truck(8), Per cent under the 1027 yield. Chi & N Chi Prie Tool (§) | Mackay pfi4)... Macy (R H)(ch) HARRISBURG, Pa.— Pennsylvania | Cht R1&Pac(s). %l k:ave a large grape crop, amounting | CR 1 & P pf(7). + | Chickasha (3).,. to more than 6,000 tons. and will be | Chickasha (3) Mad 8a Gar (2). Sided in meeting Western grape com- | Cinjje Co(21)) Magma Cop(3).. petition by a reduction in freight “‘"“jChrymrrz; - Mallison & Co. .. of 83 a ton from western Pennsylvania % Mallison pf(7) vineyars Mandel(2%). Man EL 8up(5).. City St B6% stk . Cluett-Pea pf(7) Man Kl m2g(d5) Maracatbo Oil. Marland Ofl. Mar-Rock 12% Martin-Parry Mathieson(6)... 1 Maytag 1st pf(6) Mengel Co. MetroG pf(1.89) Mexican Seab. .. Miami Cop(1).. Ind Ref pf(7)... 2: Inland S(kt6%). 5 Inspiration Cop. InterboroRapTr Int Bus Ma(5).. Int Cement(4).. Int Com Eng(2). Int Harv(j6)... Int Hary pf(7 Int Mteh pf 3.20 Int Mer Marine. Int Mer Mar pf.. Int Nickel(2) Int Paper(240).. Int Paper pf(6). Int Paper pf(7). Int Paper ctfs In Pap pfefs(7). Int Ry Cent Am. Int Tel & Tel(6) Island Creek(4). Jewel Tea(4) Johns-Manv (3). Jones T Jordan Motor K C Po&LtB(6). | Kan City South Kayser J(5). Kelly-Spring. .. Kelly Tire §%pt Ki Hayes(2).. Kelvinator Corp Kennecott C(5). Kinney pf(8)... Kolster Radio. Kraft(gll)... Kresge(11.60). . Kress (S H)(1). Kroger Gro(el). Autostrap A(3). 46% 46% 46% 46% Balto & O(6).... 105% 106 105% 106% Balto & O pf(4). 7Riyy T8y TRy Bang & Ar(3%2). 724 Ti% 1% BankofMan(16). 744 T4 T4 Barker Bros. 2 Barnsdall A. nder pressure. uEx(rofm dullness prevailed in the afternoon. Business fell off almost to the vanishing point. Steel and Gen- | eral Motors did not rally much, but on the other hand, they did not S/Pllv off further either. Montgomery Ward ranged around the low of the da At- lantic Refining held around its high. | There was a brief run up in Interna- | tional Combustion COTTON VERY STEADY; TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) 1 1415 141% 105% 103ty 4% 4l 13% 350 £9% 56% 17 69% More than 14,500 men are fishing in 0% 69% Irish waters this season H6% 564 n7 nz7 69% 694 During the summer and early fall our hibernating bear-friend has been bank- ing his savings—he has a thick layer of life-sustaining fat under his shaggy hide. Now when killings are scarce he lives on the fruits of his past labors. Many forethoughted human beings draw an analogy from our friend Ursus and store up the fruits of their labors in the summer of their earnings so that they will have protection against the howling winds and snows of ad- versity. And they invest their savings in some- thing more productive than bear-fat— . y sound First Mortgage Notes offered A T S A through Swartzell, Rheem & Hensey Company. Not one investor in these thoroughly dependable securities has ever suffered loss in fifty-nine years. The present yield is an attractive one—6%. Swartzell. Rheem & Hensey Con Mortgage Bankérs T2715th. Street, V.. WashinglonDC.) 59 Years Without Loss to An Investor WHEN YOU HAVE | MONEY TO INVEST in FIRST MORTGAGES Consult The Federal-American Company at 1352 G Street N.W. CAPITA.L‘;&ml.o:.XCEID ¢ 173% 1714 49 49 % 117% 115 127% 121% 2T 2T4 0% 10% 108 108 47U 474 2'4 1% 20 19% 68 667 32 3l 10% 10% 4% 94 9313 934 5 ADVANCES RECORDED Submarine Boat, 3 . Demand Eases Off—Prices Affected e T 7 4iu| Slightly by Liquidationin |} Superior O1l. Symington C1 A. Early Trading. Telautogh(80c). Tenn Copper(1). Texas Corpn(3). [ By the Assoctated Press. A Texas Gulf Sul(4 6 9 » ! NEW YORK, August 2-—Cotton Texas & Pac(5). | tutures opened very steady: October. | Tex Pac C & 011, 19.65; December, 10.50; January, 10.43; | Tex Ld Tr(new) | March, 19.45. and May, A | Thatcher Mfg. The market. opened at an advance of Thatcher pf 3.6 5 to 11 points, active months ShOWfllK‘ Tidewater AsOil 9 net gains of 10 to 13 points. { Tidewater Ol 80 2 244 s, | ‘Traders gave little attention to rela- Timken(75).... !l tively esy cables and a favorable e weather map, but the demand tapered ‘Transcont Oil. .. off on the advnace and prices later Trico Prod(24), cased under n renewal of liquidation, Combined with local and Bouthern Udwd EIF(4)... 7 | selling. - g 5%% | ““A Drivate report estimating the con- | iotraf wetio 50% | dition of the crop at 70.9, and placing | o the indicated yield at 15,106,000 bales b el was probably & factor on the decline, e which extended to 19.43 for December L e 'n‘ general list showed net losses of 2 | to Utd Fruit(5%) g gm Paperboard, points at the c.nd of the firsf SCIPpL(7).. —— FREIGHT TRAFFIC INCREASES| NEW YORK, August 2 (#).—Freight ||| traffic on the Chicago, Milwaukee, St.| U 8 Distributing Paul & Pacific in July was heavier than | U 8 Distribpf(7) U 8 Hoffman (4). “!in July last year, 172213 carloads | against 164,369, way by the new regulations, as a neg- ligible number of minors are employed in Washington banking houses. Mr. Addison’s interpretation treats on all 39 sections of the law, and covers three typewTitten pages. Kraft-Phenix Company Reports. The Kraft-Phenix Cheese Co., which | recently gained a controlling interest in Southern Dairies, reports net earn- nigs after all charges but before in- come tax for the first half year of $1,- 035384, as compared with $369,057 a Year ago. J. L. Kraft, chairman of the board. stated: “While the consolida- tion of the Kraft and Phenix com- Ppanies was effected January 1, 1928, no material increase in earnings resulted during the early part of the year, but during May benefits of the consolida- tion were shown and in June profits Were $460,277, compared with $575,107 ‘earned in the first five months.” W. T, GALLIHER. Chairman. 644 e Ti% 1014 1011 1095 10715 3215 a1 107% 1064 19% 19% 51% 50 29% 29% 92% 91 134134 41% 41% 7% 0% 53% 53% 101% 101 7 6% 33% 33% 49% 48 120 294 961 14% 5h 58 e S Consult Us First If you need money for vour Real Estate financing let us have your application today. 4 1064 19% 5015 29% 91 Tl Prompt Service No Appraisal Fee The Commercial National Company a1 5800000 6% 44 T 10 Commodity News U S Aleohol(5).. U S Leather..., U S Leather A.. U 8 Lea pr pf(7) US Reaity(4).. U 8 Rubber. .. U S Rub 1st pf.. U S 8melt (3%). U S Steel(7) . 220 2210 | U 8 Steel pf(7). 67% 67% 6 Unt Leaf Tob(3) 0% BB Univ Pipe & Rad Uul P&L Acel). vanadfum(f4).. Van Raalte pf... Vick Chem (4)... Victor Talkg(4). Victor pr pf(7) Va-Caro Chem. . Va-Car Ch pf(3). Va Ir C&C pf(5). Vivaudou Co. ... Vulean Detin. .. Vulcan Detin(A) Wabash “ee Wabash pf A (5) Waldorf(1%)... Walworth(1.20). Ward Baking B. Ward pl(7) 1094 45 6214 10715 SAN FRANCISCO, August 2.—Oregon ®ill have the largest walnut and filbert crop in its history, according to the Assoriation 1ia 2lmond crop is expected t to 2bout 13.000 tons, or 35 964 14% 3% 56'a N T 10 101 1045 10415 340 A8 Wall Street Briefs T 101 104 STOCK EXCHANGE SEAT.-—Value of membership in the New York Stock : | Exchange recently has been advancing | after a slump from record high levels, another seat having been arranged for sale at $350,000, an increase of $12,500 over the price arranged a day or two ago, which also had been an increase. IMPLEMENT DIVISION SOLD.— The farm implement division of Emer- |/ son Brantingham Corporation has been sold to J. I. Case Threshing Machine Co. MOTOR CAR SHIPMENT.—Hudson Motor Car Co. produced and shipped 25,206 Hudson and Essex cars in July, a seasonal decrease from the June out- put, but_brought the tofal for seven months this year to 208,271 cars, largest | for any seven months the company has | experienced. SALE 115 117% 117% 116 108 108 108 52% 44 A1 44y T4 T T8% 77 B4 B9 823 RY 118% 118% 118% 118% 164 164% 161 161 61 62% 60% 60% 61% 62 6015 61 110% 111% 110% 111 107107 107 107 BAY% B4 B4% Rdl 32 33 24 24 26 26 BE AR 9 69% 149 108 53 44% 104%4 104% a4l 344 59 BTN 45% d5% 184 18 3T 6% bR b7 18 174 132 129 91 91y 30% . MORTGAGES - ON RESIDENTIAL PROPERTY (In the District of Columbia and adjacent Maryland suburbs) THE UNUSUAL MORTGAGE PLAN of the DETROIT.—The present and pros- pective beef supply is the shortest in the last 10 years, according to J. D. Harper, director of the Live Stock Pro- ducers’ Association. He estimates eight years will be required to-bufld up de- pleted herds, | Com Crpr1%). YOUNGSTOWN —With many good | Com Cr pf B(2). erders on local steel plants’ books and | Com Cred 1st 6% more constant 12, the ontlook in | ComInvI'r(3.60) the steel Mahoning | Com Solvents(8) “Thirty~eight | Com Powr(13).., ontinent. , Warner Pic A... sheet rollers are | Conzoleum-Nair ont pf(7). ! war Quiz).. ofalt;: B i 4 Warren Bros(4) st laiad West P Po6) .. ¢ W Penn El pf(7) on Kilm pte i b b M | West P Po pf(7) onsolGas pf (5) 100% 100% 100% | West DairyA(s) OnLRCuba pf & 73 75 2oa West Dairy B... ouzol Textile 3 3u A% B | West Mary lund. 2401 2 Y West Pacific pf. ontaine 9 244 23 2 OOzer A 320 4 3 28 West Union(8). W, Col Fuel & Iron. Col Gas & EI(5) ., Col G&F, pIA(6) 17 the L) 631 1L 1581y 1061 107 1150 INCREASE.~July k & Co., soared 960,713 in_July 5.402 for seven | $150,687,2690 a SHOW 106% Sears, Roebu | Midiand pf(riz) 110t ! Mtitler Rubber. , Minn BUP&SSM, Mo Kan & Tex. . Mo K&Tex pf(7) Missouri Pacific Missouri Pac pf. Montgmry W (1] Moon Motor., Mors& Enk (3 Mother Lo(30c). Motor Meter A.. Motor Prod (2).. 130 Motor Whi(2).. Mulling Mfg. ... Munsingwr(3).. Murray Corp..os h & Chet(7). sh Motra(16) Nat Acme (sta). Nat Hellas Hess, Natl Blse(16%). o last year and to $172.3 | months this year from | year ago. STOCK MOVEMENT GAINS.—Snles of Montgomery Ward & Co. for .Iul,\'l‘ moved up to $13,076,550 from $12,006,- 312 in July, 1927, and for seven months to $110,544,474 from $104,242,926 in the same period last year, DECLINE IN FAILURES.—-The cus- tomary seasonal decline in commercial fatlures in the United States in Sum- mer s reported by R, G. Dun & Co. for July, the total of 1,723 being 224 |/ less than in June, also moderately below the 1,756 for July, 1927. The present number 1s above the average for July, due probably to the inerease in busi- ness firms. July llabilitles were $20.- 586,633, smallest for months, and com- pare with $20,.827.073 in June and $43,- 149,974 In July last year. REFRIGERATOR CARS ORDERED. The Pennsylv today that ord | 550 all-steel | eially adapted fifteenth century have been discovered | in the Warsaw Royal Castle. The royal castle was establiched in the fourteenth | century and brought to the present d: mensions in 16 During the seven- | teenth and eighteenth centuries the | Polish kings lived there almost perma- | Cont Can(5) | residence was trans- | Cont Insur(§ 9% T 9% T9% from Krakow 1o Warsaw in the | Cont Mont (80c) 11% 11% 11% 11% seventeenth centu Corn¥xBank(20) 636 636 636 636 % Corn Pro(13%).. 78 78% 1% T8% of the |« C 108% 1031, 61% 60% 115 113% 180 183% 4 B% 8 Sun Life Insurance Company of America Without Commissions or Bonuses an amount " will be loaned up to 60% of the appraised value of your residence on first mortgage. Life In« surance in the amount of the mortgage is res quired. ntainer B 66c. 12 12% 28 28 PL] 4 4% 4% 106% 106% 104 104% 124 White Kagle(2), White Motors(1) White 1tock(2) .. White SM pf(4), Willys-Ov(1.20) Wilson Co pf A.. Wilson & Co pf., Woolworth(b)., Worthn Pump, . Worth Pump(A) Worth Pump(B) Wright Aero(z) Yale&'Twne(1h), Yellow Truek. Youngstn 8h(j) Hourly Sales on N. Y. Market. Pam, 434900 12 0oon 927,000 | Lo 1117100 2 pom. LAL7600 Dividend rates as given In (he ahove U 1324 130 aT% 87% 7 0% b1 51 4% 47 1 5%y % 83% 14 B4 168% 1621 6h% hidn R0 701 an a7 62 60 00 40 Coty Inc(gh)... 185% 1854 185 185% ucible 811 (5),, 12 13 72 13 A monument honoring | Crucible pf(1).. 114% 116 114% 115 r has been nec- | CubaCaneBugar. 5 5 5 5 mmission and | Cuba Cane Su pf ted spol | Cuba Company . ough of | Cuban Am 8(1). ¢ nd th ewish | Cudahy Pkg(4), 7% 78 | Nat) E e bhott !:’fi“!rfl | Curtins Aegoc1). 1017 1027 | Nat Cash R A(3) Fichieberg. The an's(§4) 180 1%0 | Nat Dairy(3),.. ¥ o > 80 tor Ay | Cushmann pf(7) 7 ) 127 Nat Distillers. o g B ios en I Nat Disuitiers s Funcke, de g gait of | 1y B0k ¥ &8 ke B 5 o at PowkLicl) Vet Radlator “ Yat Buppiy16). Burety(1v), @ Nut Teatd).. Novada C(1%). NOTex &M(7) NYAIrBrid).. N Y Centralif). N N Statue Honors War Blind. BERLIN (7, ded in the quired by the city ar erected on Fichteberg 16% 23% 1804 1% 10% 17 17 2314 155 1A% 16% 23% Berl: homes for in the B Joseph W. Brooks & Company General Agents Cush X9 on Chem.. s e had been pla refrigerator cars, espe- for operation in pas- enger tralns or in express trains op- crating on passenger schedule, The order, amounting to approximately $5,- 000,000, was divided among four com- panies, as follows: American Car & Foundry Co, 200 cars: Pressed Steel Car Co, 200 cars; Pullman Car & || Manufacturing Corporation, 100 cars, || and the General American Car Co., 50 || cars, l el & Hud() Del 1 & W(17) Den 12G Wn pf.. Detroit 0 (5) Devoek It CIA 13 Diamond M(19). Dodge tros A Dodie Brox pt 7 | Dodze Eros cits | Dodge pt cita. .. | Dome Mines(1). Drug Ine(4 SHARE RETURNS MAKE GAIN NEW YORK, August 2 (/) - Ameri Detroit Axle Co rmed 70 cents 8 share the first half Lntest quarterly ‘o hul-vearly declara “Unit of trading tens i + Partly extra 1 Plus 4% B, praferred stock.” ¥ b Faid this vear—no regular n stock. o Plua % in stook - anle when earned, o Pavable in cash or (@ ook, & Plis 6 | plus 20 n ‘ el " /a0 e quarterly in Payable 1710 share auarterly i Stores common stock, 1 Plus ‘Sun Life Insurance Company of America 212-13 Transportation Building, H 1n::: 162 17th & “H” Streets, N.W, 15% LX) T8k, 156 B B4 16% %% s w12 we's 97 98 LY N Dupont(118. L AT 371 8704 3704 N Du Font deb(8). 114% 114% 114w 1144 < 127 200 288 b6 55% 118% 118% 113% 26% 26 3 PR Reo e AR R 1004 100% 100% ! Virginis (Minn) has a high 00} | England expects ap increasing » it 0 upmw%m Jmmbuinmw —l YRK, August 2 N mond Match Co. earned $492 a ehar . in the first helf of 1928, against $4 88 r the first half of 1827. Nef iy Mortgage Interviews between 10 and 12 any morning